Grab Holdings Limited $GRAB Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management cut its Grab stake by 99.7% in the second quarter, selling 17.7 million shares and retaining just 56,107 shares worth approximately $212,000.
• Other institutional investors increased their positions, and institutions collectively own 55.52% of Grab. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.06 EPS versus a $0.05 consensus and $997 million in revenue.
• Grab shares opened at $3.05, near their 12-month low of $2.96, amid insider selling totaling 1.28 million shares over the past three months. Despite the pressure, analysts maintain a “Moderate Buy” consensus with an average price target of $6.01.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 99.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,107 shares of the company's stock after selling 17,706,202 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Grab were worth $212,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GRAB. Principal Financial Group Inc. lifted its position in Grab by 13.4% during the 2nd quarter. Principal Financial Group Inc. now owns 24,289,581 shares of the company's stock worth $91,572,000 after acquiring an additional 2,867,458 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Grab in the 2nd quarter worth about $10,119,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in Grab by 17.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,041,490 shares of the company's stock valued at $7,696,000 after buying an additional 296,256 shares in the last quarter. DNB Asset Management AS raised its position in shares of Grab by 52.4% during the 4th quarter. DNB Asset Management AS now owns 2,949,398 shares of the company's stock valued at $14,717,000 after acquiring an additional 1,014,166 shares in the last quarter. Finally, WFM ASIA BVI Ltd raised its holdings in shares of Grab by 12.5% during the fourth quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company's stock worth $188,003,000 after purchasing an additional 4,194,477 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

NASDAQ GRAB opened at $3.05 on Monday. Grab Holdings Limited has a 12 month low of $2.96 and a 12 month high of $6.62. The firm has a market capitalization of $12.50 billion, a PE ratio of 50.84, a P/E/G ratio of 0.80 and a beta of 0.89. The company's 50 day simple moving average is $3.56 and its 200 day simple moving average is $3.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.

Insider Activity at Grab

In related news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction on Friday, August 14th. The stock was sold at an average price of $3.64, for a total value of $109,200.00. Following the transaction, the insider directly owned 3,988,735 shares in the company, valued at $14,518,995.40. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Ong sold 38,000 shares of Grab stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the completion of the transaction, the insider directly owned 3,632,611 shares in the company, valued at $12,459,855.73. This represents a 1.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,283,442 shares of company stock worth $4,719,095. 3.60% of the stock is owned by corporate insiders.

Trending Headlines about Grab

Here are the key news stories impacting Grab this week:

• Positive Sentiment: Traders purchased a large volume of GRAB call options, while overall options activity was unusually high. This may reflect speculative expectations for a rebound or a catalyst, although options flow does not guarantee a fundamental improvement. Traders Buy Large Volume of Call Options on Grab
• Positive Sentiment: Grab is reportedly in talks to acquire Singapore-based buy-now-pay-later provider Atome Financial, potentially at a valuation above $2 billion. The deal could expand Grab’s financial-services ecosystem and strengthen its consumer-credit business if executed effectively. Grab Is Said in Talks to Buy SoftBank-Backed Fintech Firm Atome
• Positive Sentiment: Grab and taxi operators in Iloilo, Philippines, expanded access to electric-vehicle ride-hailing. The initiative supports Grab’s sustainability efforts and could broaden its vehicle and driver network over time. Grab, Iloilo Taxi Operators Expand Access to EV Ride-Hailing
• Neutral Sentiment: Grab became one of the most heavily searched stocks on Zacks, indicating elevated investor interest but not necessarily a change in earnings prospects or valuation. Investors Heavily Search Grab Holdings
• Negative Sentiment: Grab reportedly faces a planned two-day boycott by drivers in Vietnam over commission fees and falling earnings. Disruptions could weigh on rides, driver availability, revenue, and platform sentiment. Vietnam Grab Drivers Plan Weekend Boycott
• Negative Sentiment: Grab reached a new one-year low following reports of insider selling, adding to investor concerns about confidence among company insiders. Grab Hits New One-Year Low After Insider Selling
• Negative Sentiment: Reports of the potential Atome acquisition have also pressured the stock because investors may be concerned about the transaction’s size, financing, integration risks, and exposure to consumer credit. Grab Holdings Slips on Atome Acquisition Reports

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of recent research reports. Zacks Research raised shares of Grab from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Morgan Stanley restated an "overweight" rating and issued a $6.25 target price on shares of Grab in a research note on Tuesday, June 30th. Barclays lowered their target price on Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. Benchmark reiterated a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Grab has a consensus rating of "Moderate Buy" and an average price target of $6.01.

About Grab

Grab Holdings Inc NASDAQ: GRAB is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab's consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.

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